226 Lexington Ave · Mobile, AL 36603

$65,000

2 bd · 2.0 ba · 1,048 sqft · SingleFamily public records · 12 Days on market

Built 1986 3,484 sqft lot $62/sqft · at area comps Est $68k · at est.

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +9.3/15.0
• Appreciation +5.7/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Welcome to a fantastic opportunity for homebuyers and investors alike! This charming 2-story home is perfect for anyone looking to purchase a property under $100K with only minor upgrades needed—making it a smart and affordable move. As you enter the home, you’re greeted by beautiful hardwood floors that lead into a spacious den/common area, perfect for relaxing or entertaining. The home features 2 bedrooms and 2 bathrooms, with the potential to easily convert into a 3 bedroom, 2 bathroom by enclosing an opening to the bonus room—giving you instant added value. Enjoy multiple access points with 3 separate entrances, plus a balcony that adds character and outdoor living space. The home also includes a cozy breakfast room for everyday dining. Situated on a corner lot, this property offers added space and visibility—and as a bonus, the parade route runs directly in front of the home on Lexington Ave, making it a unique and exciting location during local events. Convenience is unmatched: Just approximately 5 minutes from downtown Mobile and everything it has to offer, approximately 3 minutes from Bishop State Community College, and approximately 2 minutes from Mobile Infirmary and USA Health Children's & Women’s Hospital. This home is currently vacant and being sold as-is, making it a great option for a first-time homebuyer, rental investment, or someone looking to add value with light improvements. Don’t miss your chance to own a property with location, potential, and affordability all in one! Schedule your showing today! Buyer/Buyers agent to verify all information deemed important.

Key facts

• Balcony
• Spacious den
• Cozy breakfast room

Tags

• HARDWOOD FLOORS
• SPACIOUS DEN
• MULTIPLE ACCESS POINTS
• 3 SEPARATE ENTRANCES
• BALCONY
• COZY BREAKFAST ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $771 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Cap rate 20.5% vs local median 4.9% in Mobile — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#20 in AL, #4,262 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D-, crime F, employment D-.
• Mobile County (urban): math 15% / reading 39% proficiency, ranked #81 of 129 in AL (top 63%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 36 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($449 loan paydown + $859 appreciation (1.3% local appreciation)).
• Mobile County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.3% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.27% ✓
• Cap rate: 20.53%
• Cash-on-cash: 50.84%
• DSCR: 3.26
• GRM: 3.7

CMA / ARV

• ARV (median comp): $67,662
• List price: $65,000
• Delta: -3.93%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
565 Cedar Ave	0.51mi	2/1.0	1,032 (-2%)	3mo	$35,000	$34	67
1557 Basil St	0.31mi	3/2.0 (+1)	1,147 (+9%)	0mo	$105,000	$92	64
1105 Adams St	0.40mi	3/2.0 (+1)	1,102 (+5%)	11mo	$55,000	$50	59
1510 Congress St	0.21mi	3/1.0 (+1)	941 (-10%)	13mo	$64,900	$69	53
1452 Delusser St	0.26mi	2/1.0	938 (-10%)	17mo	$30,000	$32	53
1103 Lyons St	0.51mi	2/1.0	962 (-8%)	15mo	$45,000	$47	46
1104 Old Shell Rd	0.67mi	2/2.0	1,000 (-5%)	22mo	$168,000	$168	43
1159 Hercules St	0.52mi	3/2.0 (+1)	1,172 (+12%)	14mo	$160,000	$137	39
213 Kennedy St	0.48mi	3/2.0 (+1)	1,201 (+15%)	15mo	$160,000	$133	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 53.9%
• Equity multiple: 3.82×
• Total profit: $51,341
• Equity at exit: $23,284

10-year hold

• IRR: 55.1%
• Equity multiple: 7.67×
• Total profit: $121,387
• Equity at exit: $31,806

Cash invested: $18,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 36603

• Home prices YoY: 2.8%
• Active inventory: 36
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,478 high
• Mortgage (P&I): −$341
• Tax from tax record: −$28 /mo · $339/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $771

Break-even live

Break-even rent $502

Max offer price $65,000

Occupancy floor 43%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1254 Old Shell Rd Mobile, AL	1.0–2.0	1.0	660	$975	$1.48	14d	4	0.45mi
57 N Ann St Unit 1043453P Mobile, AL	2.0	2.0	1065	$2,015	$1.89	21d	1	0.49mi
1566 Dauphin St Unit Back Carriage House Mobile, AL	3.0	1.0	1300	$1,200	$0.92	44d	1	0.69mi
12 S Catherine St Unit 2 Mobile, AL	1.0	1.0	700	$725	$1.04	21d	1	0.73mi
305 Indian Creek Dr E Unit 1043809P Mobile, AL	3.0	2.5	1496	$3,985	$2.66	14d	1	0.83mi
1141 Montauk Ave Unit 1043864P Mobile, AL	3.0	2.0	1420	$2,741	$1.93	14d	1	0.84mi
111 S Catherine St Mobile, AL	2.0	1.0	891	$899	$1.01	44d	1	0.91mi
1704 McGill Ave Unit B Mobile, AL	3.0	2.5	1500	$1,750	$1.17	44d	1	0.98mi
84 S Lafayette St Unit 1043577P Mobile, AL	3.0	2.0	1496	$3,116	$2.08	14d	1	0.99mi
207 Michigan Ave Unit 3 Mobile, AL	1.0	1.0	1000	$795	$0.80	21d	1	1.09mi
207 Michigan Ave Unit 3 Mobile, AL	1.0	1.0	1000	$795	$0.80	44d	1	1.09mi
186 Stanton Rd Mobile, AL	1.0–3.0	1.0–2.5	1263	$2,062	$1.63	44d	1	1.13mi
1417 Monroe St Mobile, AL	2.0	1.0	1064	$1,350	$1.27	44d	1	1.18mi
510 Schwartz St Mobile, AL	3.0	2.0	1288	$1,400	$1.09	14d	1	1.19mi
558 Saint Francis St Unit 2D Mobile, AL	1.0	1.0	1150	$1,550	$1.35	44d	1	1.20mi
430 Saint Louis St Mobile, AL	1.0	1.0–1.5	968	$1,614	$1.67	14d	2	1.25mi
250 Tuttle Ave Unit B Mobile, AL	1.0	1.0	928	$1,100	$1.19	44d	1	1.27mi
957 Savannah St Mobile, AL	2.0	1.5	1054	$1,400	$1.33	21d	1	1.34mi
412 Dauphin St Mobile, AL	2.0	1.0–2.5	1553	$2,350	$1.51	14d	2	1.36mi
122 Demouy Ave Unit 1/2 Mobile, AL	2.0	1.0	1300	$1,530	$1.18	44d	1	1.36mi
1013 Elmira St Unit A Mobile, AL	2.0	1.0	1000	$995	$0.99	21d	1	1.38mi
423 Devon Dr Mobile, AL	3.0	1.0	1220	$950	$0.78	44d	1	1.43mi

Listing history 6 events

1. 2026-06-18
   days on market $65,000 Active 12 DOM
2. 2026-06-17
   status $65,000 Active 11 DOM
3. 2026-05-09
   status Pending 1647-char remark

   Show marketing remark (1647 chars)

   Welcome to a fantastic opportunity for homebuyers and investors alike! This charming 2-story home is perfect for anyone looking to purchase a property under $100K with only minor upgrades needed—making it a smart and affordable move. As you enter the home, you’re greeted by beautiful hardwood floors that lead into a spacious den/common area, perfect for relaxing or entertaining. The home features 2 bedrooms and 2 bathrooms, with the potential to easily convert into a 3 bedroom, 2 bathroom by enclosing an opening to the bonus room—giving you instant added value. Enjoy multiple access points with 3 separate entrances, plus a balcony that adds character and outdoor living space. The home also includes a cozy breakfast room for everyday dining. Situated on a corner lot, this property offers added space and visibility—and as a bonus, the parade route runs directly in front of the home on Lexington Ave, making it a unique and exciting location during local events. Convenience is unmatched: Just approximately 5 minutes from downtown Mobile and everything it has to offer, approximately 3 minutes from Bishop State Community College, and approximately 2 minutes from Mobile Infirmary and USA Health Children's & Women’s Hospital. This home is currently vacant and being sold as-is, making it a great option for a first-time homebuyer, rental investment, or someone looking to add value with light improvements. Don’t miss your chance to own a property with location, potential, and affordability all in one! Schedule your showing today! Buyer/Buyers agent to verify all information deemed important.

4. 2026-05-05
   status Active 1647-char remark

   Show marketing remark (1647 chars)

   Welcome to a fantastic opportunity for homebuyers and investors alike! This charming 2-story home is perfect for anyone looking to purchase a property under $100K with only minor upgrades needed—making it a smart and affordable move. As you enter the home, you’re greeted by beautiful hardwood floors that lead into a spacious den/common area, perfect for relaxing or entertaining. The home features 2 bedrooms and 2 bathrooms, with the potential to easily convert into a 3 bedroom, 2 bathroom by enclosing an opening to the bonus room—giving you instant added value. Enjoy multiple access points with 3 separate entrances, plus a balcony that adds character and outdoor living space. The home also includes a cozy breakfast room for everyday dining. Situated on a corner lot, this property offers added space and visibility—and as a bonus, the parade route runs directly in front of the home on Lexington Ave, making it a unique and exciting location during local events. Convenience is unmatched: Just approximately 5 minutes from downtown Mobile and everything it has to offer, approximately 3 minutes from Bishop State Community College, and approximately 2 minutes from Mobile Infirmary and USA Health Children's & Women’s Hospital. This home is currently vacant and being sold as-is, making it a great option for a first-time homebuyer, rental investment, or someone looking to add value with light improvements. Don’t miss your chance to own a property with location, potential, and affordability all in one! Schedule your showing today! Buyer/Buyers agent to verify all information deemed important.

5. 2026-04-23
   status Pending 1647-char remark

   Show marketing remark (1647 chars)

   Welcome to a fantastic opportunity for homebuyers and investors alike! This charming 2-story home is perfect for anyone looking to purchase a property under $100K with only minor upgrades needed—making it a smart and affordable move. As you enter the home, you’re greeted by beautiful hardwood floors that lead into a spacious den/common area, perfect for relaxing or entertaining. The home features 2 bedrooms and 2 bathrooms, with the potential to easily convert into a 3 bedroom, 2 bathroom by enclosing an opening to the bonus room—giving you instant added value. Enjoy multiple access points with 3 separate entrances, plus a balcony that adds character and outdoor living space. The home also includes a cozy breakfast room for everyday dining. Situated on a corner lot, this property offers added space and visibility—and as a bonus, the parade route runs directly in front of the home on Lexington Ave, making it a unique and exciting location during local events. Convenience is unmatched: Just approximately 5 minutes from downtown Mobile and everything it has to offer, approximately 3 minutes from Bishop State Community College, and approximately 2 minutes from Mobile Infirmary and USA Health Children's & Women’s Hospital. This home is currently vacant and being sold as-is, making it a great option for a first-time homebuyer, rental investment, or someone looking to add value with light improvements. Don’t miss your chance to own a property with location, potential, and affordability all in one! Schedule your showing today! Buyer/Buyers agent to verify all information deemed important.

6. 2026-04-17
   listed $65,000 Active 1647-char remark

   Show marketing remark (1647 chars)

   Welcome to a fantastic opportunity for homebuyers and investors alike! This charming 2-story home is perfect for anyone looking to purchase a property under $100K with only minor upgrades needed—making it a smart and affordable move. As you enter the home, you’re greeted by beautiful hardwood floors that lead into a spacious den/common area, perfect for relaxing or entertaining. The home features 2 bedrooms and 2 bathrooms, with the potential to easily convert into a 3 bedroom, 2 bathroom by enclosing an opening to the bonus room—giving you instant added value. Enjoy multiple access points with 3 separate entrances, plus a balcony that adds character and outdoor living space. The home also includes a cozy breakfast room for everyday dining. Situated on a corner lot, this property offers added space and visibility—and as a bonus, the parade route runs directly in front of the home on Lexington Ave, making it a unique and exciting location during local events. Convenience is unmatched: Just approximately 5 minutes from downtown Mobile and everything it has to offer, approximately 3 minutes from Bishop State Community College, and approximately 2 minutes from Mobile Infirmary and USA Health Children's & Women’s Hospital. This home is currently vacant and being sold as-is, making it a great option for a first-time homebuyer, rental investment, or someone looking to add value with light improvements. Don’t miss your chance to own a property with location, potential, and affordability all in one! Schedule your showing today! Buyer/Buyers agent to verify all information deemed important.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $339 · $28/mo
• Projected year-2 tax: $339 · $28/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,730
• − Mortgage interest: −$3,641
• − Property taxes: −$339
• − Insurance: −$325
• − Repairs & maintenance: −$1,418
• − Management: −$1,418
• − Depreciation: −$1,891
• Taxable income: $8,697
• Est. tax owed @ 24.0%: −$2,087
• After-tax cash flow: $7,165/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Mobile County
• NCES district ID: 0102370
• Math proficiency: 15% ▼ -28.00%
• Reading proficiency: 39% ▬ 0.00%
• Median HH income: $42,455
• Composite: 22.9/100
• National rank: #8002
• State rank: #81 of 129 in AL

Livability — Mobile

• Score: 75/100
• State rank: #20
• US rank: #4262

Category grades

Amenities B- Commute A+ Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mobile, AL
• City population: 205,729
• Population (ZIP): 7,805

Population outlook (Mobile County) Hauer SSP2

• Today (2025): 415,303 people
• By 2030: 411,755 · -0.9%
• By 2040: 399,670 · -3.8%
• By 2050: 382,616 · -7.9%
• By 2075: 337,353 · -18.8%
• By 2100: 283,391 · -31.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (85%)
• Race & ethnicity: Black 85% White 12% Two or more races 1% Hispanic / Latino 1%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Mobile

• 2024 margin: R (+16.4) · D 41.3% · R 57.7%
• 2008→2024 swing: -7.7pp toward R · 2008: -8.7pp · 2024: -16.4pp
• All cycles: 2024: R+16.4 2020: R+11.9 2016: R+13.9 2012: R+9.3 2008: R+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.32%
• Current HPI: 48.9551
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

4 events — show timeline

• 2026-05-09 Pending — GCMLS AL
• 2026-05-05 Relisted — GCMLS AL
• 2026-04-23 Pending — GCMLS AL
• 2026-04-17 Listed $65,000 GCMLS AL

Property tax history

+1.2%/yr

Latest (2025): $339 · +6.8% YoY. Source: county tax records.